A Florida federal judge on Monday tossed a $25 million securities fraud case against William "Beau" Wrigley Jr., heir to the chewing gum fortune, and the cannabis company he used to run, finding that the allegations brought by investors fell outside the ambit of federal securities law.
A Florida federal judge on Monday tossed a $25 million securities fraud case against William "Beau" Wrigley Jr., heir to the chewing gum fortune, and the cannabis company he used to run, finding that the allegations brought by investors fell outside the ambit of federal securities law.
A retail marketing manager for a high-end maker of cannabis vape products, Puffco, claims she was subjected to daily race- and gender-based harassment, functionally demoted after taking medical leave and then retaliated against after complaining to HR, according to a lawsuit filed in Los Angeles County court.
A former employee of a New Jersey cannabis company should have brought his wrongful firing claims to the National Labor Relations Board and the fact that he didn't dooms his lawsuit in New Jersey federal court, the company said in a motion to dismiss the litigation.
The Federal Trade Commission announced Monday that it has notified seven retail businesses that sell drums, industrial laser machinery and e-cigarettes that they may be making unqualified "Made in the USA" or "Made in Texas" claims about their respective products, and have advised them to comply with the agency's labeling rules.
With its June 23 decisions in Cisco Systems Inc. v. Doe and Landor v. Louisiana Department of Corrections and Public Safety, the U.S. Supreme Court doubled down on the critical point that the statute invoked in a federal claim must authorize a private lawsuit and the remedy sought, says Patrick Judd at Phelps Dunbar.
California Gov. Gavin Newsom's selection of former Consumer Financial Protection Bureau Director Rohit Chopra to lead a new consumer agency signals tougher state financial services oversight, especially for fintechs, as well as heightened enforcement activity and larger penalties, say attorneys at WilmerHale.
When SpaceX completed its record-breaking $75 billion initial public offering last month, the transaction was notable not only for its size — the largest IPO ever — but also for breaking new ground in how public offerings can be structured to reach retail investors around the world.
A Dubai-based CEO and trader has pled guilty in Massachusetts federal court to charges that he worked with a former BigLaw associate and others to carry out a far-reaching insider trading scheme.
U.S. Supreme Court Justices Amy Coney Barrett and Elena Kagan will testify before House and Senate committees on July 14, marking the first time in seven years that a sitting justice has gone before lawmakers.
Hundreds of former Justice Department employees and appointees urged the Senate in a Tuesday letter to reject the nomination of acting Attorney General Todd Blanche for the permanent role, particularly noting what they called Blanche's work toward politicizing the department.
A GLG Law LLC lawyer who blamed ChatGPT for misquotes and citation errors in three filings told the Connecticut Supreme Court on Tuesday he did not violate an ethics rule requiring candor to the tribunal because his briefs, though inaccurate, contained correct assertions about the law.
A co-founder of the global labor and employment juggernaut Ogletree Deakins Nash Smoak & Stewart PC died Monday after decades of helping shape the firm's values of honesty and transparency.
McCarter & English LLP and one of its Connecticut attorneys failed to uphold the applicable standard of care when advising insurers on $20 million worth of loan transactions that ultimately fell apart because the borrower stopped paying, an expert witness told a Connecticut state court on Tuesday.
Ranking members of the House Judiciary Committee on Tuesday called on the federal judiciary to ban judges from taking part in prediction markets amid growing concerns that court-related wagers could undermine judicial integrity.
